Business

May 4, 2012

RBA forecasts point to a soft economy, no real growth

The Reserve Bank has cut its forecasts for economic growth and inflation for the next year to 18 months.

Glenn Dyer — <em>Crikey</em> business and media commentator

Glenn Dyer

Crikey business and media commentator

The Reserve Bank has cut its forecasts for economic growth and inflation for the next year to 18 months, revealed concerns about the state of the jobs market ahead of next week’s contractionary federal budget, and now reckons the economy will grow at below trend rates for the next year to 18 months.

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One thought on “RBA forecasts point to a soft economy, no real growth

  1. Peter Ormonde

    But we’re still going to get a contractionary budget come hell or high water. After all, as the political spruikers tell us – “a budget surplus is always good”! Strewth.

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